5 Best Passive Income Stocks To Buy According to Hedge Funds

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In this article, we discuss 5 best passive income stocks to buy according to hedge funds. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 16 Best Passive Income Stocks To Buy According to Hedge Funds

5. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 85

Exxon Mobil Corporation (NYSE:XOM) is an American energy company that is involved in both conventional and unconventional energy resources and has been a major player in the energy sector for decades. The company offers a quarterly dividend of $0.95 per share and has a dividend yield of 3.36%, as of March 20. It is one of the best dividend stocks for passive income as the company has been growing its dividends for the past 41 years.

Of the 900+ hedge funds tracked by Insider Monkey at the end of Q4 2023, 85 funds owned stakes in Exxon Mobil Corporation (NYSE:XOM), growing from 79 in the previous quarter. These stakes have a total value of nearly $4.5 billion.

Follow Exxon Mobil Corp (NYSE:XOM)

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